Business Administration - Retail Management OPM400 Chapter Notes - Chapter 1: Retail, Accounts Payable, Liquid Oxygen

47 views10 pages

Document Summary

Supply chain sequence of organizations their facilities and activities that are involved in producing and delivering a product. Sequence begins with suppliers of raw materials and extends all the way to the final customer. Facilities include factories, warehouses/distribution centers, and retail outlets. Activities include forecasting, product design, scheduling, purchasing, transportation, inventory management/warehousing, production, distribution/delivery, and customer service. Two kinds of movement in these systems: physical movement of material (generally toward the end of the chain, the consumer), and the exchange of information and money (mainly toward the beginning of the chain, the source of material) Term chain in supply chain indicates the importance of a close relationship between a supplier and a customer (manufacturer or retailer) Every organization is part of at least one supply chain, and many are part of multiple supply chains. Factors that made it desirable for organizations to actively manage their supply chain:

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents